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Friday, June 14, 2024

Brown Capital Administration Africa Discussion board Relaunch: Sovereign Wealth Funds and Infrastructure Improvement in Africa

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The Wilson Heart Africa program is proud to announce the relaunch of our Brown Capital Administration Africa Discussion board with a dialogue on sovereign wealth funds (SWFs) and infrastructure improvement in Africa. 

By 2050, Africa is projected to be dwelling to 2.5 billion folks, virtually twice as many as as we speak. Sufficient infrastructure companies are wanted to match this speedy demographic progress and urbanization, particularly in Africa’s quickly increasing cities which are already experiencing excessive infrastructure deficits.  The African Improvement Financial institution estimates that between $130 billion and $170 billion is required for infrastructure improvement every year.  Investing in infrastructure tasks in Africa, particularly on the metropolis degree, would require vital social and monetary investments and new sources of financing to fulfill the funding hole. Sovereign wealth funds (SWFs) are more and more changing into main sources of finance in lots of African international locations. Though comparatively small when in comparison with these in different international locations around the globe, African SWFs have the potential to contribute meaningfully in direction of financing infrastructure improvement and fostering financial progress. 

Our audio system mentioned the significance of African SWFs, and the function that they will play in de-risking non-public funding for infrastructure improvement, particularly on the metropolis or subnational degree. Additionally they highlighted among the dangers and alternatives for African SWFs and infrastructure investments.

Launched in September 2015, the Brown Capital Administration Africa Discussion board offers a premier platform for substantive and solution-oriented dialogue on key commerce, funding, and improvement points in Africa, and in US-Africa relations. Study extra concerning the Discussion board’s work on sovereign wealth funds right here: Strengthening the Function of African Sovereign Wealth Funds within the Worldwide Monetary System: Interaction between Coverage, Governance, and Sustainability – Key Outcomes.



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